State has paid €277m in legal fees in Anglo-Irish liquidation process

Anglo Irish Bank was nationalised in January 2009. The liquidation, which began in 2013, is due to be completed by the end of 2022. File Picture: Peter Muhly/AFP/Getty Images.

The liquidation of the former Anglo Irish Bank has cost the State more than €277m in professional fees in the seven years since the process began.

A briefing note prepared for the Public Accounts Committee by the Department of Finance regarding the status of the liquidation states that the final spend is expected to cost between €304m and €313m.